
Alfred Nobel Died in 1896 and Left His Fortune to Fund the Nobel Prizes
On December 10, 1896, Swedish inventor Alfred Nobel died in San Remo, Italy. Nobel — inventor of dynamite and holder of 355 patents — left most of his fortune in a fund to establish annual prizes in Physics, Chemistry, Medicine, Literature, and Peace. The Nobel Prizes were first awarded in 1901 and remain the world's most prestigious scientific and cultural awards.